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, right now senate leaders scrambling to find common ground to avoid going over that fiscal cliff. got less than three days to go now, folks. at the same time in his weekly address today, the president says he's preparing a plan of action if no deal is reached. >> if an agreement isn't reached on time, then i'll urge the senate to hold an up or down vote on a basic package that protects the middle class from an income tax hike, extends vital unemployment insurance for americans looking for a job, and lays the ground work for future progress on more economic growth and deficit reduction. >> republicans say they want a deal as well, but they highlighted their biggest sticking points today in their weekly address. listen now to missouri senator roy blount. >> senate democrats have spent months drawing partisan lines in the sand. the president's proposal to raise tax on the top 2% of americans won't even pay one-third of the annual interest that's now owed on this massive $16 trillion debt. in fact, the president's tax hike would only fund the government for eight days. >> the senate is se
are glad you are here. right now, negotiations are under way to avoid the fiscal cliff. leaders are scrambling for a last minute deal. we have 35 hours and counting. here is more of president obama talking about the overall situation. >> what congress needs to do is to prevent taxes from going up for the vast majority of americans. and this was a major topic of discussion throughout the campaign. what i said was that we should keep taxes where they were for 98% of americans, 97% of small businesses. but, if we are serious about deficit reduction, make sure the wealthy are paying more and combine it with spending cuts and put the economy on a long term trajectory of growth. over the next 48 hours, my hope is people recognize that regardless of partisan differences, our priority has to be to make sure taxes on middle class families do not go up. that would hurt our economy badly. at a certain point, it is very important for republicans in congress to say we understand we are not going to get 100%. we are willing to compromise in a serious way to solve problems. >> give you the liv
try to cobble together a last minute deal to avoid the fiscal cliff. this on the heels of the meeting that happened at the white house. and top congressional leaders met for about an hour. source who's have knowledge say the president laid out two options for lawmakers, one, either come up with a plan that can pass through both chambers to avoid that deadline or allow his pro poisal to go up for a vote in both chambers. under his plan, bush-era tax cuts would be extended for those making $240,000 or less and rates for top income earners. something that a lot of republicans do like and it would call for extending unemployment insurance benefits and a number of other measures. that's where things stand right now. but as you point out, t.j., only three days left, and the pressure could not be more intense. if we do over g. ovgo over the cliff, the average american will see taxes go up by $2,000. majority leader reid and minority leader mitch mcconnell working together to get a plan that can make it through both chambers. >> is there much of a strategy from the white house? put it in the
Search Results 0 to 2 of about 3